Rainbow Retail Center 1113-1139 S

FOR SALE RAINBOW RETAIL CENTER 1113-1139 S. RAINBOW BOULEVARD, LAS VEGAS, NV 89146

Capital Markets | Investment Properties

www.cbre.us/lasvegas AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

CBRE, Inc. operates within a global family of companies with many purchase of the Property. The information contained in this Memorandum has subsidiaries and related entities (each an “Affiliate”) engaging in a broad been obtained from sources believed to be reliable, but has not been verified range of commercial real estate businesses including, but not limited to, for accuracy, completeness, or fitness for any particular purpose. All brokerage services, property and facilities management, valuation, investment information is presented “as is” without representation or warranty of any fund management and development. At times different Affiliates, including kind. Such information includes estimates based on forward-looking CBRE Global Investors, Inc. or Trammell Crow Company, may have or assumptions relating to the general economy, market conditions, competition represent clients who have competing interests in the same transaction. For and other factors which are subject to uncertainty and may not represent the example, Affiliates or their clients may have or express an interest in the current or future performance of the Property. All references to acreages, property described in this Memorandum (the “Property”), and may be the square footages, and other measurements are approximations. This successful bidder for the Property. Your receipt of this Memorandum Memorandum describes certain documents, including leases and other constitutes your acknowledgement of that possibility and your agreement that materials, in summary form. These summaries may not be complete nor neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such accurate descriptions of the full agreements referenced. Additional Affiliates’ interest or involvement in the sale or purchase of the roperty.P In all information and an opportunity to inspect the Property may be made instances, however, CBRE, Inc. and its Affiliates will act in the best interest of available to qualified prospective purchasers. You are advised to their respective client(s), at arms’ length, not in concert, or in a manner independently verify the accuracy and completeness of all summaries and detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their information contained herein, to consult with independent legal and financial respective businesses in a manner consistent with the law and all fiduciary advisors, and carefully investigate the economics of this transaction and duties owed to their respective client(s). Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in The Owner expressly reserves the right, at its sole discretion, to reject any or determining whether you desire to express further interest in the acquisition of all expressions of interest or offers to purchase the Property, and/or to the Property, (ii) you will hold it in the strictest confidence, (iii) you will not terminate discussions at any time with or without notice to you. All offers, disclose it or its contents to any third parties without the prior written counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) nor the Owner shall have any legal commitment or obligation except as set you will not use any part of this Memorandum in any manner detrimental to forth in a fully executed, definitive purchase and sale agreement delivered by the Owner or CBRE, Inc. the Owner.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a

Michael K. Hsu Roy Fritz, CCIM First Vice President First Vice President +1 702 369 4866 +1 702 369 4853 [email protected] [email protected] Lic. S.0051609 Lic. S.0169670

Dylan Heroy Associate +1 702 369 4836 [email protected] Lic. S.0185856

TABLE OF CONTENTS

04 Investment Overview

05 Market Overview

06 Financial Overview

09 Las Vegas Valley Overview

Offering qualified investors the opportunity to acquire Rainbow Retail Center which is a ±14,250 square foot, retail strip center, located at 1113-1139 S. Rainbow Boulevard, Las Vegas, NV 89146. The property is situated near the signalized intersection of Rainbow Boulevard and Charleston Boulevard.

INVESTMENT HIGHLIGHTS + Short term leases with below market rents providing upside potential + Located in a major retail corridor with great visibility along Rainbow Boulevard + Irreplaceable location near the intersection of Rainbow Boulevard and Charleston Boulevard + ± 2,400 SF (Potentail expansion into suite 1131/1133 for up to 4,200 SF) + Value-add retail investment + New owner may sell the existing cell tower lease income to lower their overall investment basis

SUMMARY Asking Price: $2,950,000 Rentable Square Feet: ±14,250 SF Year 1 NOI: $204,456 Price Per SF: $207 Year 1 Cap Rate: ± 6.9% Total Land Area: ±1.36 Acres Year Built: 1986 Occupancy: ± 83% RAINBOW RETAIL CENTER PROPERTY SUMMARY

Property Location: Rainbow Retail Center is located along Rainbow Boulevard which is one of the busiest thoroughfares in Las Vegas with nearly 100,000 cars that travel by the property each day. The property offers multiple ingress/egress options to both Charleston Boulevard and Rainbow Boulevard, providing customers the convenience of access. As of 2020, approximately 189,633 residents are located within a five (5) mile radius of the property providing access to numerous customers for the tenants at the property.

Property Description: Built in 1986, Rainbow Retail Center is single-story, retail strip center, totaling ±14,250 square feet surrounded by landscaping and numerous parking spaces. The property includes a pylon sign that is visable to the traffic along Rainbow Blvd in both directions.

Assessor Parcel Number: 163-03-501-013

Building Size: ±14,250 SF

Site Size: ±1.36 Acres

Construction Year: 1986

Zoning: Limited Commercial District (C-1)

Traffic Counts: On S. Rainbow Boulevard, S. of W. Charleston Boulevard - ±61,000 CPD On W. Charleston Boulevard, W. of S. Rainbow Boulevard - ±37,389 CPD

5 SITE PLAN

CELL

TOWER W. C W.

1139 1137 1135 1133 1129 1125 1123 1113

1131 harleston Blvd harleston

TAVERN SIN

. .

± 62,000 CPD CPD 62,000 PYLON SIN

S. Rainbow ± 37,389 CPD S. RAINBOW BLVD | ±61,000 CPD

CENTENNIAL BUILDING # TENANT SQUARE FOOTAGE NORTH LAS VEGAS

95 SITE 15 1113 The Tavern ±4,400 SF

North Las Vegas Airport SUNRISE 1123 Barber Shop ±900 SF

SUMMERLIN 1125 Vape Life ±1,200 SF

PECCOLE RANCH LAS VEGAS THE LAKES 15

Las Vegas Strip WHITNEY 1129 AVAILABLE ±2,400 SF

PARADISE SPRING VALLEY

515 1131/1133 Pentecostal Missionary Church ±1,800 SF McCarran Int’l Airport 1135 The Wig Nook ±950 SF

215 SOUTHWEST 1137 Bladed Art Pigmintation Studio ±950 SF GREEN VALLEY HENDERSON ANTHEM

15 1139 Dance Studio ±1,650 SF RAINBOW RETAIL CENTER PROPERTY PHOTOS

7 SURROUNDING AERIAL MAP

RAINBOW RETAIL CENTER LAS VEGAS VALLEY LOCATION MAP

Layout ID:P04 MapId:7728453

© 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. AREA DEMOGRAPHICS - 3 MILE RADIUS

KEY FACTS INCOME

191,659 Population 2.7 $68,411 Average 2020 Average $48,398 $25,283 $325,463 2020 Median 2020 Per Capita 2020 Average Net Household Size Household Income Household Income Income Worth

37.7 $200,000 and Over Median Age $150,000-$199,999 70,685 $41,957 $100,000-$149,999 Households Median Disposable Income $75,000-$99,999

EDUCATION $50,000-$74,999 $35,000-$49,999 10% $25,000-$34,999 $15,000-$24,999 No High Under $15,000 School 25% Diploma Some College 26% 20% 0 5,000 10,000 15,000 High School Bachelor’s/Grad/ Graduate Prof Degree RAINBOW RETAIL CENTER AREA DEMOGRAPHICS - 5 MILE RADIUS

KEY FACTS INCOME

488,903 Population 2.56 $74,383 Average 2020 Average $51,176 $28,915 $419,091 2020 Median 2020 Per Capita 2020 Average Net Household Size Household Income Household Income Income Worth

39.3 $200,000 and Over

Median Age $150,000-$199,999 189,633 $44,058 $100,000-$149,999 Households Median Disposable Income $75,000-$99,999

EDUCATION $50,000-$74,999 $35,000-$49,999 9% $25,000-$34,999 $15,000-$24,999 No High School 25% Under $15,000 Diploma 25% Some College 24% High School Bachelor’s/Grad/ 0 10,000 20,000 30,000 Graduate Prof Degree

11 RENT ROLL

1113-1139 S. Rainbow Blvd. Rent Roll as of January 1, 2021

Lease Renewal Monthly Base Annual Base Suite # Tenant RSF % of Total Start End Increase CAM Monthly CAM Rate / SF Type Options Rent Rent

1113 The Tavern 4,400 30.88% 01/31/23 Net 2.00% One - 10 Year $0.27 $1,188.00 $1.82 $8,018.00 $96,216.00 1123 Barber shop 900 6.32% 11/30/21 Net 3.00% None $0.27 $243.00 $0.91 $819.00 $9,828.00 1125 Vape Life 1,200 8.42% 11/30/21 Net 3.00% None $0.27 $324.00 $1.13 $1,356.00 $16,272.00 1129 Vacant 2,400 16.84% $0.00 1131-1133 Pentecostal Missionary Church 1,800 12.63% M-T-M Net N/A $0.27 $486.00 $0.68 $1,231.00 $14,772.00 1135 The Wig Nook 950 6.67% 03/01/20 05/31/23 Net 3.00% One - 3 Year $0.30 $285.00 $1.21 $1,150.00 $13,800.00 1137 Bladed Art Pigmentation Studio 950 6.67% 07/01/20 09/30/23 Net One - 3 Year $0.30 $285.00 $1.05 $997.50 $11,970.00 1139 Desert Chamber Ballet 1,650 11.58% M-T-M Net 5.00% One - 1 Year $0.27 $445.50 $0.97 $1,608.50 $19,302.00

Water Mill $550.00 $6,600.00 AT & T Cell Tower $1,899.00 $22,788.00

Occupied 11,850 83.16% $0.27 $3,256.50 $1.49 $17,629.00 $211,548.00 Vacant 2,400 16.84% Total 14,250 100.00% Rental Income: $211,548.00 CAM Reimbursement $39,078.00 Effective Income: $250,626.00

Less Operating Expenses: $46,170.00 Net Operating Income: $204,456.00

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. RAINBOW RETAIL CENTER

WHERE WE LIVE Iconic. Livable. Eclectic.

WE'RE #1! QUALITY OF NEVADA'S TOP RANKS LIFE

Las Vegas has 294 days of sunshine, Most Entrepreneur Friendly on average State (Small Business & #1 Entrepreneurship Council, 2018) National Wilderness Areas 19 National Parks 6 Top Economic Growth—Dream #1 Index (Forbes, 2017) National Forests 9 Top Trade Show Destination State Parks 6 (Trade Show News Network, 24th Golf Courses 53 #1 Consecutive Year)

Nevada Population Growth 2017 #1 (U.S. Census Bureau)

NOTABLE ACCOLADES

#4 Entrepreneur Growth 56.5% HOME OWNERSHIP (Kaufman Foundation, 2017) COMPARABLE METROPOLITAN REGIONS RATE #6 North Las Vegas Millennial Median Home Value Homeownership (Yahoo Finance, 2019) $750,000

#9 State Business Climate Index $299,751 (VEGAS) (Tax Foundation, 2019) 43.5% $500,000 Renters McCarran Airport is in top 10 U.S. $309,800 (U.S.) $250,000 airports 56.5% ESRI $0 Las Vegas is less than one day's drive to Home Owners

60 million customers and five major BOISE RENO DENVER SEATTLE ports PHOENIX LAS VEGAS PORTLAND SAN DIEGO LOS ANGELES SALT LAKE CITY SACRAMENTO MEDIAN HOME (2020) VALUE ESRI

4 5

13 EDUCATION ATTAINMENT WORKFORCE High School Diploma 2020 24% Pre-recession During recession Some College 2020 25.70% 1,042,300 910,600 Associate's Degree 2020 8.30% (January 2020) (August 2020) HOW WE Bachelor's Degree 2020 16.30% Advanced Degree 2020 8.60% U.S. Bureau of Labor Statistics WORK ESRI A Thriving Knowledge Economy Las Vegas ranked 5th on CBRE's 'The Next TOP EMPLOYERS 10 Tech Markets to Watch' list 2020 Tech 30, CBRE Research The Tax Foundation 2020 State Business Tax Climate Index ranks Nevada #7 best state in the U.S. ONE OF THE NATION'S MOST TAX-FRIENDLY STATES

NO corporate income tax

NO personal income tax

NO franchise tax on income

NO inventory tax

NO inheritance or gift tax

NO unitary tax

NO estate tax ESRI

Occupation Employment Leisure 24.1%

Professional 14.4% Government 11.2% Education 11.1% 24% in leisure Retail Trade 11.0% Construction 7.7% TOP Financial 5.9% OCCUPATIONS 5.0% MOSTLY IN Transportation and Warehousing LEISURE & Other 3.1% 14% in professional PROFESSIONAL Manufacturing 2.7% Wholesale Trade 2.4% U.S. Bureau of Labor Statistics Information 1.0%

10 11 RAINBOW RETAIL CENTER

MAJOR SHOPPING 86 MUSEUMS IN LAS VEGAS DESTINATIONS HOW WE SPEND SELECT TOP MUSEUMS Fashion Show Mall The Neon Museum Crystals (City Center) OUR MONEY Downtown Summerlin Las Vegas Natural History Museum Out & About Forum Shops (Caesars Palace) Discovery Children's Museum Grand Canal Shops at the Venetian Las Vegas is a top global destination for entertainment, gaming, shopping and dining. The Mob Museum Galleria at Sunset We're home to 10 Michelin Star restaurants and a host of world-renowned museums. Town Square Nevada State Museum Miracle Mile Shops at Planet Shelby American, Inc. Hollywood Resort Hollywood Car Museum $36.9 BILLION IN VISITOR SPENDING PROFESSIONAL SPORTING LVCVA 2019 NHL Golden Knights POPULAR NON-GAMING NFL Las Vegas Raiders ATTRACTIONS WNBA Las Vegas Aces Springs Preserve USLC Las Vegas Lights Las Vegas Philharmonic MiLB Las Vegas Aviators, Oakland A's farm team Henderson Symphony Orchestra Bellagio Gallery of Fine Art Las Vegas Arts District

RESTAURANTS + THEATERS

The Smith Center for Performing Arts 10 UNLV Performing Arts Center Michelin Star Restaurants Zappos Theater Planet Hollywood

Park Theater at Park MGM Las Vegas

Pearl Theater

15 ESRI

14 15

15 MCCARRAN INTERNATIONAL AIRPORT

9th busiest airport in U.S., FAA 2019 Busiest Airports

51,537,638 passengers in 2019

3rd best ranked airport among mega airports in U.S., J.D. Power 2019 North America Airport Satisfactions Survey

METRO AREA TRAILS MONORAIL QUICK FACTS

City of Las Vegas 104 miles The Las Vegas Monorail operates along a 3.9-mile route from the SAHARA Las City of North Las Vegas 70 miles Vegas Station to the MGM Grand Station

City of Henderson 180+ miles Trains arrive every 4 to 8 minutes

Unincorporated Clark County 50 miles The rail encompasses 7 stations

In 2018, the Las Vegas Monorail aided in the annual removal of an estimated 2.1 million vehicle miles from Southern AVERAGE COMMUTE TIME Nevada’s major roadways, reducing emissions by more than 27 tons LAS VEGAS U.S. 25.4 26.9 Truck Drive Times to Major Western Cities HOW WE minutes minutes ESRI GET AROUND LOCATIONLas Vegas is a major transportation hub Flexible Options & TRANSPORTATIONservicing the Mountain and Las Vegas benefits from its geographic location as being incredibly accessible via West states. Las Vegas has • I-15 Interchange is ±2.0 miles highway, railway and air. The local downtown area also offers a regional bus system and from site an efficient transportation more unique modes of transport, like our monorail and moving walkways, in addition to • US-95 Interchangeinfrastructure is ±11.0 miles and is from site community-shared, last-mile options such as scooters and bikes. comprised of three major • McCarran Airport is ±13.6 miles from site highways: Interstate 15, • The Las VegasU.S. Strip 93/95, is ±10.0 miles and the 215 from site 1 day Beltway. 2 days

• FedEx Freight - 4 Miles NOT TO SCALE

• FedEx Ship Center - 9 Miles 16 17 • FedEx Air Cargo - 20 Miles One Day Truck Service Two Day Truck Service • FedEx Ground - 33 Miles

• UPS Freight Service Center - 5 Miles TRANSIT ANALYSIS FROM LAS VEGAS, NV

• UPS Customer Center - 11 Miles Distance (mi.) Time (est.) Distance (mi.) Time (est.)

• UPS Air Cargo - 24 Miles Los Angeles, CA 265 3 hrs, 54 min Boise, ID 634 9 hrs, 31 min Phoenix, AZ 300 4 hrs, 39 min Santa Fe, NM 634 9 hrs, 8 min • US Post Office - 9 Miles San Diego, CA 327 4 hrs, 46 min Denver, CO 752 10 hrs, 45 min Salt Lake City, UT 424 5 hrs, 50 min Cheyenne, WY 837 11 hrs, 52 min Reno, NV 452 6 hrs, 55 min Helena, MT 907 12 hrs, 31 min San Francisco, CA 562 8 hrs, 20 min Portland, OR 982 15 hrs, 44 min Sacramento, CA 565 8 hrs, 14 min Seattle, WA 1,129 16 hrs, 52 min FOR SALE RAINBOW RETAIL CENTER 1113-1139 S. RAINBOW BOULEVARD, LAS VEGAS, NV 89146

CONTACT US © 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Michael K. Hsu Roy Fritz, CCIM Dylan Heroy You should conduct a careful, independent investigation of the property and verify First Vice President First Vice President Associate all information. Any reliance on this information is solely at your own risk. CBRE and +1 702 369 4866 +1 702 369 4853 +1 702 369 4836 the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this [email protected] [email protected] [email protected] document are the property of their respective owners, and the use of such logos does Lic. S.0051609 Lic. S.0169670 Lic. S.0185856 not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of Capital Markets | Investment Properties the owner is prohibited.